Brinker beats by $0.01, misses on revs:
- Reports Q3 (Mar) earnings of $1.00 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.99; revenues rose 5.2% year/year to $824.6 mln vs the $842.92 mln Capital IQ Consensus.
- Chili's company-owned comparable restaurant sales decreased 4.1 percent.
- Maggiano's comparable restaurant sales increased 0.2 percent Chili's franchise comparable restaurant sales decreased 1.7 percent which includes a 2.2 percent and 0.7 percent decrease for U.S. and international franchise restaurants, respectively.
- Restaurant operating margin, as a percent of company sales, declined approximately 150 basis points to 17.4 percent compared to 18.9 percent for the third quarter of fiscal 2015.
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